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“Under the raging epidemic, the supply, demand and confidence of the global market have been hit unprecedentedly, and the economic development situation is very different from the crises experienced in the past,” says Dr Kamiar Mohaddes, University Senior Lecturer in Economics & Policy at Cambridge Judge Business School. This time is also really different because services are being negatively affected worse than manufacturing and on a global scale, while in past crises the effect on services has been “relatively muted”, Kamiar adds.

Read the full article [sohu.com]